Tether Responds To Deutsche Bank's Criticism Over Lack Of Transparency

According to Foresight News, Tether has recently responded to Deutsche Bank analysts' claims about its lack of transparency in reserves and questionable solvency. The Deutsche Bank report attempted to predict the decline of stablecoins but failed to provide specific data to support its claims. Tether argued that the comparison between USDT and UST is misleading and irrelevant to the discussion about reserve-backed currencies. Tether also pointed out the irony in questioning the credibility of any financial institution, especially one with a good track record like Deutsche Bank. The bank's history of fines and penalties raises doubts about its qualifications to criticize other institutions in the industry.